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20 July 2019
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CBRE continues on acquisition trail 

16 April 2015


CBRE has bought energy management services provider Environmental Systems, Inc., only weeks after it confirmed its acquisition of Johnson Controls’ Global Workplace Division.

 

US-based ESI develops solutions that enable commercial property occupiers and owners to efficiently manage their building systems and remotely monitor and analyse energy use in real time to identify and achieve potential savings.

 

Bill Concannon, chief executive officer, Global Corporate Services, CBRE, said: “ESI complements our existing suite of facilities-related outsourcing services. Our clients increasingly look to us to leverage new and existing controls – and the data that can be extracted from systems – and remote monitoring to drive greater energy efficiency.”

 

The acquisition of ESI follows CBRE’s announcement of a definitive agreement to purchase the Global WorkPlace Solutions business of Johnson Controls, Inc., expected to close in the late third quarter or early fourth quarter of 2015.